Binaries and TestNet Released, Updated OP for detailed info.

---Deva

Aditicoin.com site is live now. upadated OP for more details.

---Deva

Reserved with Confidence

for further info

Remember with Confidence!
Countdown timer is provided on site.
Announce Date: 1st June 2014
Site Launch Date: 3rd June 2014
Binaries/Sourcecode Release Date: 7th June 2014
TestNet Launch Date: 7th June 2014
MainNet Launch Date: 12th June 2014 (6:35 IST)
MainNet Full Block reward Start date: 15th June 2014

Built with Confidence!
Forked from Bitcoin Core V 0.9.1
Algorithm : Scrypt-jane Adaptive-Nfactor (Keccak512, ChaCha20/8)
Min N-factor : 10
Max N-factor : 25
N-factor Increase Schedule: Every 4 year on 29th Feb*.
Symbol : XAD
Denomination : Aditi ( अदिति ) & Vitta ( वित्त ). Where 1 Aditi = 1,000 Vitta
No. of Decimal Places : 3
Max Coins : no limit (minimum block reward 1575 coins)
Block time : 60 seconds
Block Retarget : Every Minute with DigiByte's DigiShield.
Block Reward : 150,000 Coins + 5% of Block Reward goes to Project Fund (Total 157,500)
Project Fund disabled until further notice.. Miners get Full Reward now ( Total 157,500)
Subsidy reduction : Every 300,000 Blocks & 1% of initial Block Reward
Minimum Block Reward : 1,500 Coins + 5% of Block Reward goes to Project Fund (Total 1,575)

multipool resistant
ASIC resistant*
automatic checkpointing

Fairness: no premine, no instamine, no IPO. We even releasing coin source code and binaries 7 days ahead of launch. so everyone can review the code and make changes to their pool software and mining software. check Bounty Program if you like to contribute to the project.

Download with Confidence!


checkout https://github.com/AditiCoin/aditicoin/releases (for all binaries and source code releases)


Mine with Confidence!
Aditicoin have internal miner but if you prefer external miners below is info.

GPU mining
you can use yacminer by Thirtybird with --nfmax 10 flag until we have custom GPU miner


Source: https://github.com/Thirtybird/YACMiner
windows binaries: https://github.com/Thirtybird/YACMiner/releases

CPU mining
you can use CPUminer by Thirtybird with --nfmax 10 flag until we have custom CPU miner.


source: https://github.com/Thirtybird/cpuminer/
windows64 binaries: https://github.com/Thirtybird/cpuminer/releases/download/v2.4.0/minerd-yacoin_stratum_x64_2_4_0.zip
windows 32 binaries : https://github.com/Thirtybird/cpuminer/releases/download/v2.4.0/minerd-yacoin_stratum_x86_2_4_0.zip

Seed with Confidence!
Are you interested running seeder for Aditicoin. checkout AditiCoin Seeder Git repo
Monthly 3 mil compensation will be given. PM Deva or Subvolatil to include your seed server links in upcoming binaries.

Reward with Confidence!
Checkout AditiCoin Bounty Program for other upcoming bounties.

Read with Confidence!
Detailed info about Aditicoin : About Us
https://bitcointalk.org/index.php?topic=635042.0

Chat with Confidence!
Join #AditiCoin on freenode for General discussion.
join #taproom on freenode for development discussion.

Follow with Confidence!
@AditiCoin

Credits
Without following People, Developers & Websites this coin haven't been live, Thanks for their hardwork, open-source code, and information because of which AditiCoin has launched. Deva have studied them while creating AditiCoin.

Subvolatil, Benson Samuel, Bitcoin Core Developers, Litecoin Developers, PPcoin, Devcoin, DigiByte, Novacoin, Vertcoin, Yacoin, Dogecoin, Megacoin, Maxcoin, Quarkcoin, microcoin, SecureCoin, NobleCoin, Darkcoin, Hirocoin, Worldcoin, Bitcointalk, Coindesk, bitcoinmagazine, and last but not least Thanks to Mashable.com for introducing Deva to Bitcoin.

---Deva

checkout Main thread : https://bitcointalk.org/index.php?topic=635232.0

Technical specs: (Yeh Deva knows 1st you want this, before reading anything else)

Name: AditiCoin
Symbol: XAD
Denomination: Aditi ( अदिति ) & Vitta ( वित्त ). Where 1 Aditi = 1,000 Vitta
Algorithm: Scrypt-jane Adaptive-Nfactor (Keccak512, ChaCha20/8)
Min N-factor: 10
Max N-factor: 25
N-factor Increase Schedule: Every 4 year on 29th Feb*.
No. of Decimal Places: 3
Max Coins: no limit( minimum block reward 1575 coins)
Block time: 60 seconds
Block Retarget: Every Minute with DigiByte's DigiShield.
Block Reward: 150,000 Coins + 5% of Block Reward goes to Project Fund (Total 157,500)
Miners Get full 105% Reward
First 10,000 blocks (approx 7 days) will give minimum reward(1575 coins)
Subsidy reduction: 1% of initial Block Reward (i.e. 1575 coins) Every 300,000 Blocks
Minimum Block Reward: 1500 coins + 5% of Block Reward goes to Project Fund( Total 1575)

multipool resistant
ASIC resistant*
automatic checkpointing

Fairness: no premine, no instamine, no IPO. We even releasing coin source code and binaries 7 days ahead of launch. so everyone can review the code and make changes to their pool software and mining software. check Bounty Program if you like to contribute to the project.

Dates to Remember : Countdown timer is provided on site.
Announce Date: 1st June 2014
Site Launch Date: 3rd June 2014 (6:35 IST)
Binaries/Sourcecode Release Date: 7th June 2014 (6:35 IST)
TestNet Launch Date: 7th June 2014 (6:35 IST)
MainNet Launch Date: 12th June 2014 (6:35 IST)
MainNet Full Block reward Start date: 15th June 2014


Now the Long Part

What is AditiCoin?
AditiCoin is a decentralized peer-to-peer innovative payment network which enables instant payments to anyone in the world. It is based on the bitcoin protocol but differs from Bitcoin. It can be efficiently mined with consumer-grade hardware. AditiCoin uses scrypt-jane library with modified N-factor as block hashing algorithm

AditiCoin created to increase awareness of Bitcoin, Digital Money and overall Crypto-Currency segment in India. Although it is designed for Indians, anyone from anywhere can take part in it.

Scrypt-Jane Adaptive N-Factor
Scrypt Jane is a modern twist on the traditional Scrypt mining using a combination of 3 mixing functions and 7 hashing functions. Scrypt Jane refers to a group of mixing and hashing function. For more info Visit https://github.com/floodyberry/scrypt-jane.

Scrypt-Jane uses Scrypt(N, 1, 1), with the N parameter increasing over time. Unlike Scrypt which uses Sha256, Scrypt-Jane offers several fast and secure alternate hashing functions, out of which AditiCoin uses Keccak512 as hashing function and ChaCha20/8 as mixing function.
Scrypt-Jane uses an N-Factor (N, 1, 1), that number determines the amount of memory required to solve a share. This N-Factor number will increase over time, usually at regular intervals in the blockchain. in case of AditiCoin, N-Factor starts at 10 and incrases by 1 at every 4 years on 29th February till it reaches 25.  As the N-Factor number increases, the mining efficiency will become lower, as the amount of memory needed for each share is increased. The current N-Factor can be shown by typing getmininginfo into the console. This also displays the current amount of memory needed.

AditiCoin was intended to be mined on CPU’s only. But it can be mined on GPU as well, although these miners are an advantage in the beginning, they soon become less effective as the N-Factor increases, increasing memory making GPU mining less efficient.

Scrypt-Jane offer a far greater network security, mining efficiency, ASIC resistance and protection.

Reduction in Decimal Places
Research on pricing psychology suggests that numbers and their arrangement around the decimal place influence perceived value. As the eyes move left to right, digits to the left of the decimal place are most significant for us. This would give the user a larger nominal representation of wealth, fewer zeros to the left and a greater psychological satisfaction. Scientist and researcher Stanislas Dehaene notes that prices with precise numbers tend to make consumers uneasy.

As form of Digital Currency, any currency can have more than 2 decimal places. Bitcoin uses 8 decimal places, PPcoin uses 6 decimal places. AditiCoin has set decimal places to 3, if there is any amount at 4th decimal place onwards it will be automatically discarded and saved nearest 3 decimal places only. There is good article to read about The psychology of Decimals. If needed decimal places can be increased in near future.

DigiByte's DigiShield
DigiShield re-targets a coin’s difficulty to protect against multi-pools and an over-inflation of easily mined new coins. DigiShield re-targets a coin’s difficulty between every block. You need to allow the difficulty to increase enough between blocks to catch up to a sudden spike in net hash, but not enough to accidentally send the difficulty sky high when two miners get lucky and find blocks back to back. The asymmetrical adjustments keep the difficulty from going to high to fast, but allow it to drop much quicker after a large hash down swing as it takes a much longer time to discover the next two blocks for the difficulty adjustment to occur. For further info visit: What is DigiShield & How it Works to Retarget Difficulty.

Two Currency Names
AditiCoin introduces two currency names. Aditi ( अदिति ) and Vitta ( वित्त ). Rather than using mili-aditis (mXAD) for lower denominations. we introducing Vitta. where 1 Aditi = 1,000 Vitta. Vitta means Money in sanskrit.


Project Fund/Foundation
Every invention/work requires funds and dedication to complete it. although we working on this coin voluntarily, there are some requirements which cannot be achieved without funds. Rather to wait someone to donate we decided to go with project fund. following are some tasks where this fund will be utilised. we will keep 100% transparency in utilising this project fund. anyone can audit if they want.
Aditicoin-Seeder/block explorer/bitnode/checkpoint masternode: monthly compensation for these services/service providers
Faucets: each month some coins will be allotted to Faucets. so that they won't go down because of empty wallets.
New services: we will compensate to build new services over AditiCoin, one time compensation will be given for new services. Monthly compensation will be given to those services which dont charges users directly.(pools, games, exchanges doesn't count here)
Marketing: some funds will be used for marketing
bugs, bounty, new improvements: we will compensate users to trace bugs, improvements, suggestions, other utility software developers, like mining software, pool software etc.
convert to BitCoin: rather than holding all funds in AditiCoin itself, some funds will be converted to Bitcoin, so that AditiCoin will have some value, security & can contribute in Bitcoin Foundation
contribute to Bitcoin Protocol: some funds will be used to donate to Bitcoin Foundation.
free Distribution: some funds will be used to distribute to Indians, through Seminars, Meetups, Colleges & universities.

Credits
Without following People, Developers & Websites this coin haven't been live, Thanks for their hardwork, open-source code, and information because of which AditiCoin has launched. Deva have studied them while creating AditiCoin.

Subvolatil, Benson Samuel, Bitcoin Core Developers, Litecoin Developers, PPcoin, Devcoin, DigiByte, Novacoin, Vertcoin, Yacoin, Dogecoin, Megacoin, Maxcoin, Quarkcoin, microcoin, SecureCoin, NobleCoin, Darkcoin, Hirocoin, Worldcoin, Bitcointalk, Coindesk, bitcoinmagazine, and last but not least Thanks to Mashable.com for introducing Deva to Bitcoin.


Aditicoin.com
Bounty program ( will be live after site launch)
@aditicoin

---Deva

updated post
http://imgur.com/a/nrVQl#0

Deva inviting all to have look at screenshots of upcoming aditicoin website.
its not finalised yet.


http://imgur.com/a/nrVQl#0


---Deva

Deva inviting all to testout new build. Still under development.

Ported to Scrypt-Jane ( ChaCha20/8, Keccak512).
updated nFactor change code.
built with latest openssl to avoid heartbleed bug.

default port: 9999
RPC port : 9998
nFactor=4

Windows 32bit binary
abcdcoin-0.9.0-win32-setup.exe 10.6 MB
https://mega.co.nz/#!KQBBBDBJ!cx4IeUItmvgCJuOhKA_p25w2Sj1vP6uYxi_TYd1BFm0

Windows 64bit binary
abcdcoin-0.9.0-win64-setup.exe 10.6 MB
https://mega.co.nz/#!jJwxAaKa!Ip72nLUy61DgYD8Dwwl6V0diAyG4XZTEEVTi70q0EKM

Linux 64bit binary built on ubuntu 13.10
abcdcoin-64.tar.gz 4.4 MB
https://mega.co.nz/#!qcAQyZTC!JTMRwuo2ab270740oPJQUHGQww2rdypx1Qv_0MErZtU

you can use Yacminer to mine this coin.
https://bitcointalk.org/index.php?topic=247782.0

at present Yacminer has hardcoded nFactor =14. so please use flag --nfMax=4 to mine on this coin.

Last but not least: this coin not going on any exchange. pure testing purpose only.

if found any bugs report to Deva or Subvolatil

--Deva

will be there

Check PM for new source file

--Deva

Deva suggest 1st try and compile bitcoin 0.9.0 if it success then only move to abcdcoin.
Deva used following steps to compile bitcoin 0.9.0 from sourcecode.

######### STEPS ##################

Clean Install of ubuntu 13.10 on Vbox
remove if present:
libdb5.1-dev and libdb5.1++-dev
libboost1.54-all-dev

install if not present:
apt-get install zlib1g-dev
---------------
sudo apt-get install build-essential
sudo apt-get install libtool autotools-dev autoconf

sudo apt-get install libssl-dev

sudo add-apt-repository ppa:bitcoin/bitcoin
sudo apt-get update
sudo apt-get install libdb4.8-dev
sudo apt-get install libdb4.8++-dev

sudo apt-get install libboost-all-dev

sudo apt-get install libminiupnpc-dev

sudo apt-get install libqt5gui5 libqt5core5 libqt5dbus5 qttools5-dev qttools5-dev-tools libprotobuf-dev

sudo apt-get install libqrencode-dev

download bitcoin0.9.0.tar.gz from github

./autogen.sh

./configure \
--disable-tests \
--with-gui=qt5

make

strip src/bitcoind
strip src/bitcoin-cli
strip src/qt/bitcoin-qt
------------
in terminal window type " ./bitcoin-qt & " and enter
or put the bitcoin-qt in /usr/bin and run
(need to workarround this )

###############################

will try to compile abcdcoin tomarrow and if successful will give you binaries.

also check following thread : https://bitcointalk.org/index.php?topic=522014.80

--Deva

Deva didnt see proper info why we use AditiCoin name in above post, hence providing detailed info here again. which will be helpful deciding name.

Devas' Evaluation about using Aditi

Check http://en.wikipedia.org/wiki/Aditi for info here.

Aditi Means Limitless : which is good we are supplying coins limitless according to our reward system. but we still able to count them all.

Aditi Means Motherhood : we just not start coin but we also start services based on our coins one of them will be our multilingual website based on drupal which will contains all the crytocurrency related educational materials, guides, tutorials. it will be expanded from community efforts. writers and translators will be paid in XAD. they can go on exchange and convert it to real money. This site will be in possession  of Aditi Foundation. Hence near future this will be big asset for foundation. this will generate revenue from Ads also. this ad revenue will be used to buy coins from exchange and pay to the writers and translators. hence our main target which is Create currency and not commodity will be achieved some. Coin should be transacted more often than sitting at one place like dead money. if something goes wrong and coin becomes dead, Foundation can sell the site and get money and start buying back all the coins this task is one of the closing plan for coin.( If ever needed)

above is just one formal idea

Aditi Means Creativity: We will develop services, cheer up to new developers to build services around coin. we reward to creativity shown. we reward to mining software developers pool software developers. bug finders and but fixers. and so on.. we also contribute towards bitcoin protocol.

Aditi Means Freedom: Our coin is not bound to any country. anyone can use it everyone is free to mine and trade in our currency.

Aditi Means Might[Mighty]: challenges the current Fiat currency problem.

Aditi Means : "Adi" to "Eti" : which means Start to End as well.
 
Deva hopes you like his Evaluation about Coin name and hoping positive reply from you and community.


--Deva

Deva is inviting all of you for open beta testing of upcoming coin.

As discussed in Project Nemesis Thread https://bitcointalk.org/index.php?topic=441778.0, Deva is releasing Demo build to testout functionality and trace bugs.

As this is made for pure testing purpose its not going on any exchange. so careful and dont point all your rigs to this coin.
Dont use Test build along with your other valuable wallets.( XBT, LTC etc.)
Deva recommends use Virtual Box for testing this wallet.
Deva dont have static IP hence not providing any nodes. if you are testing this, please reply this thread with node info.

abcdcoin-cli.rar : https://mega.co.nz/#!yAIRTSDR!0gZFuBGwWuySxujLsC0FBWZp6I24P2Zr-xVQa9c9UJ4

abcdcoind.rar :   https://mega.co.nz/#!eAhQFAKQ!doAtetRn1HqJbgbX6L44ZZ_nuKeU7cz9MkLnLWX_LCY

abcdcoin-qt.rar: https://mega.co.nz/#!vUAETBZB!SK8MFIhhH0m95vewWIPhWtS9LB6tFeCYiIGjVPKoeao

TEST BUILD difference from actual build:

Name: ABCD Coin , symbol: XAB, public address prefix : X, testnet address prefix : x

Max 50K blocks will be available for mine with proper rewards after 50K blocks reward will be 0.001 coin.

Subsidy decreases 1% of initial subsidy after each 500 blocks

1st 10 blocks = 1 coin
11 to 510 blocks = 1000 coin
511 to 1010 blocks = 990 coins
1011 to 1510 blocks = 980 coins
and so on..

Block Reward: 1000 coins
Default Port: 9999
RPC Port: 9990
mined coins maturity: 20 block confirmations

Genesis Blocks mined with nFactor = 4.

Test Build Main Net Genesis Block :

Test Build TestNet Genesis Block :

Main Build info and specifications:

Based on Latest Bitcoin Core 0.9.0 Build.

Maximum 3 Decimal places.( can be increased later if needed)
Algo: Scrypt Adaptive N Factor, ( Nfactor Range from 10-26) NFactor increases per year exact date.
Block time: 60 Second.
Difficulty - Retarget : Every minute with Digibytes Digishield.
Block reward: 200,000 Coins.

1 to 10K blocks will be 1 coin
10K to 110K blocks = 200K reward
110K to 210K = 198K Reward
210K to 310K =196K Reward
and so on

Minimum Reward : 1K coins per block
mined coins maturity: 100 block confirmations
transaction confirmation : 6 blocks

New coin name and Symbol: already decided will be disclosed at actual launch.

new Default port:
new RPC port:
new public address Prefix:

15 days announcement period prior to actual launch. We are not releasing coin until we have proper infrastructure and associated team members.

Premine/IPO/instamine: None

but we going to use Devcoin concept where some share will come in project fund wallets, managed by foundation members.
Which will be used for ongoing development/promotion/support for network and services. we will keep 100% transparency in project fund wallets.

We looking for Drupal developers, graphic designers and other team members if you like to join the team PM subvolatil or Deva . compensation will be given for your work.

Known Issue: Deva is aware of XBT icon showing in system tray.

--Deva

Deva moved on and now creating on latest BTC 09RC3. hence it will take sometime. so far hashing algo changed to scrypt and genesis block done. tests going on. in next couple of days will add N factor and other stuff. probably take another 10-12 days to release TEST build for private distribution for testing purpose... without disclosing code.

--Deva.

https://bitcointalk.org/index.php?topic=441212.0

https://bitcointalk.org/index.php?topic=441212.msg5039470#msg5039470

check above URL. may be helpful for you.

WE hope so...

Discussion is moved from open disscussion to private messages. hence thread seems like dead. but its not dead.

Deva giving out his document, call it white paper or not its up to you....

P.S: Name for coin is already decided. only thing its not disclosed so Deva using testCoin as demo name to pitch the idea. This is not full proof documents. and can be altered if needed.

What is testCoin?

testCoin is P2P Cryptocurrency.... created to increase awareness and build confidence about Bitcoin and testCoin and its use throughout India. educate peoples about Bitcoin, Bitcoin protocol, security issues. with the help of testCoin.

Approx 525 B coins will be mined over period of 18 years. and then after 0.5% inflation will be added. We assume that 20%-30% Coins will be lost while promoting the Coins, due to people negligence, lost of keys, password, system crash etc. etc. so we need more coins to promote it properly. Also its decentralized currency we cannot stop outside miners. To match with India circumstances and people psychology about Fiat Currency's decimal places, we have reduced myCoins decimal places to 3 only, this will be hardcoded unlike (name removed) Coin. we want our coin price to be low priced in term of fiat currency so any everyday person can use it without hesitation.  this is not hard limit we can either increase or decrease depending on discussion prior to release the software. and we will discuss if needed about supply.

In 1st year approx 68 Bil coins will be mined. Unlike Bitcoin reward halving after some block we are using %age based decreasing system. 1st 100K blocks will be with 100% reward, 2nd 100K blocks will be with 99% reward and 3rd 100K blocks rewards will be 98% and so on. ( like World Coin). so anyone can join anytime in mining program. Although separate investment in mining equipment is not suggested to mine this coin but if someone done and found that reward is halved in next month. that will be problem.

Rather than Premine whole amount at start. we start with zero Premine. ( exception genesis block, we add 1 coin in genesis block).  We will use DevCoin system. where miners mine coins and some percentage will be auto deposited to project fund. which will be used for promotion and ongoing development and strengthen network. Deva believes that "Charity can't be done on empty stomach"

we will start with 50% ( can be changed with discussion). when miner mines coins 50% of their coins will be auto deposited to project fund wallet. later we can reduce this 50% to lower say like up to 10% but it wont be completely removed. we need funds to keep movement and code development intack. we have to contribute back to Bitcoin protocol as well, either in code or by funding with Bitcoin.

( Due to above reason we want reputed person or team of person to be our fund manager. who will Manage our project wallets properly. rather than using funds for themselves). Strictly Deva is not going to handle these wallets.

Algorithm: we will use Scrypt-Adaptive N Factor as our hashing algorithm. so Indian Miners can mine on their CPU without need of GPU as well. I have seen other hashing algorithms coin liken Quark, DarkCoin, MaxCoin, StacyCoin, for CPU only but it wont be possible. due to SGMiner with few tweaks any hashing algorithm coin can be mined over GPU. so we need NFactor to increase Memory requirement so the difference between GPU and CPU mining can be reduced. this Nfactor will also increase based on time passed so later years it will be only CPU mining coin only.

POS + POW: as this is not pump and dump scheme and Deva is also not intended to hit the Exchange until he done with Website and promotional/educational material. he thinks there will be less miners to mine this coins. to keep blockchain away from 51% attack and also reimburse the early miners he decided to go with hybrid POS + POW system. meanwhile Foundation will also buy coins from miners if needed to keep promotion intact.

Checkpoints: Rather than updating software for each checkpoint and release it again. we will use auto checkpoint system, few members will have password for auto checkpoint( Deva knows its kinda centralized but really needed at least for few months)

Drupal Site: We want Drupal platform based site because of its scalability. and large availability of modules.( Deva was going to suggest Plone due to security reasons.. but it will be too much and users will not be comfortable with it).  We need our site to be translated in 15+ Indian language with community efforts. each of our page will be available in every language of India. Site will contains educational material, security guides, tutorials. those who contribute to site will also get compensation from foundation. We can use embedded forum and blog. so Users don't need different logins credentials for accessing forum, site and wiki, Developer will get compensation for keeping site up to date. ( Deva have noted down site requirements based on drupal platform. not listing them here because of out of scope of this paper) he will give out if we all select drupal developer for this project.

We also needs 2-3 super nodes hosted within India. compensation will be given out.

pools: same as above preferred hosted in India for better latency.

Online Wallets/Android/windows8 / iOS(?)

We need online wallets prior to start promotions.

Games/faucets : depends on community. developers will get compensation for this too. Deva have idea about one Facebook Game he will giveout once we done with all above. promotion with newspapers running faucets for newspaper readers.

Our Goals:
1) Increase Awareness about Bitcoin and testCoin through out india:
Seminars:  we will generate thousands of Paper Wallet of testCoin, Create Slideshows and infographics ( Multilingual)  about TestCoin and Bitcoin, Blockchain, possible usage of blockchain apart from just currency.  mining, trading, securities  and take Seminars  in schools, colleges and offices. distribute paperwallet free of cost at the end of seminars and meetups so they can use and experience it. Foundation will also distribute Tea shirts and caps for volunteers to increase their confidence while taking seminars. we got more funds we can even distribute these things in peoples attending seminars. Volunteers will get compensated with the foundation fund.

Gift/Greeting Cards: Create Gift Cards or associate with current Gift card manufacturers, attach paperwallet with some amount filled within it, distribute in market.
ShopOwners/ business: they can buy in bulk paperwallet and giveaway as thank you / Complimentary gift to their customers.

Social Media: Promote through Facebook, twitter, reddit and other social Media sites.

Engage merchants to sell small stuffs like mobile recharge or toys for testCoins.

People can also use it to TIP to others and increase awareness.

This list is not limited, we can add few more based on peoples suggestions.

out of above 3 stage in coin software development, Deva is on 2nd stage now. if anyone like to give hand in coding. help is welcomed..

Thats it for now. Feedback appreciated... Deva has only one request in this project.... Let him decide the name of Coin and Foundation

WOW :) only one reply... anyway heres few more stuff

To Start with project, Deva needs few peoples on board,
 
Fund Manger/ mentors.

Trusted members who will manage the project funds. they will have access to projects Bitcoin wallet and our coins wallet. distribute and spend according to requirements, rather than using it for themselves. if they are not coder it's ok. but should guide or be mentor,  Should be Member of Bitcoin Foundation(its not MUST factor but having Bitcoin foundation members will increase trust). Deva knows few people around here, but he won't take any names, Deva wants them to come forward themselves and be part of this movement. These peoples will be Root of the project.

website:

Deva wants Drupal developer or team of developers for coin site. logo and Theme can be designed separately or if they want they can handle it themselves. Why Drupal? sorry but Deva wont tell anything about this. Only Drupal developers can understand it :)

coin coders:

They should have studies Bitcoin, Litecoin and some alt coins code. and have C, C++ knowledge.

and some Haters

Yeh Deva need haters too infact he likes them, so that we can work efficiently to prove them they are wrong. they will help us progress and build movement.

This is some requirement before Deva starts to pitch Idea. once we get above members we will meet up on IRC and discuss it. and after that if they still don't like idea they can leave the movement.

Deva have documented some other requirements like social media presence, tipbot, online wallet, games, faucet, these are all Marketing Stuff and Deva knows what to do with it. or better say its not important until we have basic CORE member team.

last but not least even if you dont fit in above requirements. you can still join the discussion on IRC.

Looks like Deva and you guys are heading in same direction but with different vision. Deva dont want to discourage you by making below comments. as open source anyone is free to make anything over Bitcoin Protocol.

Deva wants to ask few questions about the project nemesis.

Very 1st why created 3 threads and not discussed only in one thread. making confusion and losing track on discussion.

Do India needs another Crypto currency?
crypto currency aka Bitcoin is made for quick transfer of money with lowest possible transaction fees, Indian ppls are not much aware of crypto currency funda yet. and each month there are 2-3 coins get launched.  1st thing Indians are not fully aware of bitcoin yet and now there are almost 150+ new coins. they are confusing where to see and what to do with it?.

Its getting like they made US dollar and so we going to make Rupee. because we want Indian Version.

Crypto currency ( Bitcoin) are decentralized you cannot bound it to any state or country.

There are plenty of things to do other than just making currency and trade for fiat. Bitcoin is just tip of iceberge. there are plenty of possibilities  to invent over Bitcoin Protocal.

What happened with Laxmi coin developer team.?

There was few peoples who going to make laxmicoin where are those developers. have you talked with them and get involved or asked them to support? Deva heard they have said their software is ready an just waiting for clear guidelines from RBI.

Attributes for coin?

There are 100 of coins with different attributes. each one has different pros and cons. how many coins have to studied so far? CPU only GPU only ASCII resistance?

Distribution of coin

This really doesn't matter until you decide your vision.  so if Yo put 21mil limit or ONE coin or make it 100 Bil makes no different if you stuck in profit and loss. even the low volume coin got failed. and high volume coins got stucked because of high supply and low demand. are you trying to make Currency? Commodity?

what if coin failed? whats your closing plans?

Coin may be fails either due to software problems. lack of development, lack of support. or lack of adoption or maybe something else. what's assurance  for investors that their money won't be lost or atleast losses will be minimum. you can make coin and say I dont expect profit from it. but those who are investing in your coins. they want returns on it. that's why they are called investors. so what's closing plan.

Attitude:

"Well if you dont like alt coin then dont get involved in it" : this is not good attitude, it reminds me Gavins words " You really have no business creating your own block chain .......". Every Person is important when you call it community project. Did you forgot the Story "A Man who broke the Bank" taught us in school

These are just Deva's few  thoughts. based on the last few days reading posts of the project Nemesis.

About Deva:

Deva's Vision is to increase awareness in Indians about Cryptography, Bitcoin , Bitcoin Protocol.  so in coming next 5-10 years any 5th grade student should be able to teach others about cryptography, or may be next SHA-4 or SHA-5 designer will be from India.( no.. its not Bold Statment, We are Indians.)

He is trying to make altcoin since last 2 months. he have studied almost 25 - 35  alt coin from CPU only, GPU and ASCII dependant. He is not interested making profit out of it. but he is interested when someone else come up and say to him " Hey ! have you heard about this?". He already got his client working and running and now he have moved on 2nd stage of development. he already got promotional ideas which are not even addressed by anyone else in last 15 days in these 3 threads.

Do Deva have White Paper?

Deva dont know should he call his document as white paper or not. its just few pages document containing most of the things he studied in last 3-4 months. and attributed few facts with the Indian perspective. he puts himself in others shoes and try to look at it and notes down the things. it's not full proof.

Last but not least, Deva is not good in English so bear it :)